*MBL is likely to rise more than 400% over the next month.
*Moviebloc's MBL market cap is just $50 million.
*BTC is expected to do V-shaped recovery
first, before I present my analysis let me briefly introduce my methodology. the price is represented by white candlesticks , the top chart is 12H candlesticks while the bottom chart...
From the beginning of the month, MblUsd dropped hard and found support only after 75% dive in 0.01 important zone.
The drop is contained in a falling corrective wedge and this gives me reason to think that a new leg up will follow.
0.014-0.015 could be a good zone for buyers and 0.025 zone could be the target.
The 0.02$ zone is an important support zone of MBL and the Whales will not want to push it down below this zone.
The buying force is coming into MBL and it is heading to 0.025$ and 0.033$ zone in the next few days
-Buy: 0.0195-0.0205$. SL B
-Buy: 0.0245-0.0255$ if A. SL B
-Sell: 0.0245-0.0255$. SL A
-Sell: 0.032-0.034$. SL A
🔹Analytics: active at the support line, already tested the level several times, I consider it a safe entry with a short stop behind the support line, breaking the counter-trend will have a good effect on the upward movement. It is also worth paying attention to the RSI.
Looks like obvious Flag formation to aim $0.006986
Macd shows new trend has just started
SL is below trend line
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use...
Long time no see, wolves🔥
There is an ascending triangle on MBLUSDT crypto pair.
There was a slight bullish movement before and now it may be a confirmation of continuation trade.
According to Elliott Waves theory Wave D is done and price is heading to the Wave E. However this triangle may be a circumcised and break the level earlier. Possibly the price is...